New Hampshire pound
Encyclopedia
The pound was the currency of New Hampshire
until 1793. Initially, the British pound circulated, supplemented from 1709 by local paper money. These notes were denominated in pounds, shilling
s and pence
but were worth less than sterling, with 1 New Hampshire shilling = 9 pence sterling. This first issue of paper money was known as the "Old Tenor" issue.
In 1742, following depreciation of the Old Tenor notes, "New Tenor" notes were issued worth 4 times the Old tenor notes. These were replaced, in 1755, by the "Lawful Money" issue. These notes were initially equal to their face value in sterling and replaced the previous issues at the rates of 1 Lawful shilling = 3⅓ New Tenor shillings = 13⅓ Old Tenor shillings. The "Colonial" issue of paper money was introduced in 1763, worth 1⅓ times the Lawful Money notes.
The State of New Hampshire issued Continental currency denominated in £sd and Spanish dollars, with 1 dollar = 6 shillings. The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar.
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
until 1793. Initially, the British pound circulated, supplemented from 1709 by local paper money. These notes were denominated in pounds, shilling
Shilling
The shilling is a unit of currency used in some current and former British Commonwealth countries. The word shilling comes from scilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere. The word is thought to derive...
s and pence
Penny
A penny is a coin or a type of currency used in several English-speaking countries. It is often the smallest denomination within a currency system.-Etymology:...
but were worth less than sterling, with 1 New Hampshire shilling = 9 pence sterling. This first issue of paper money was known as the "Old Tenor" issue.
In 1742, following depreciation of the Old Tenor notes, "New Tenor" notes were issued worth 4 times the Old tenor notes. These were replaced, in 1755, by the "Lawful Money" issue. These notes were initially equal to their face value in sterling and replaced the previous issues at the rates of 1 Lawful shilling = 3⅓ New Tenor shillings = 13⅓ Old Tenor shillings. The "Colonial" issue of paper money was introduced in 1763, worth 1⅓ times the Lawful Money notes.
The State of New Hampshire issued Continental currency denominated in £sd and Spanish dollars, with 1 dollar = 6 shillings. The continental currency was replaced by the U.S. dollar at a rate of 1000 continental dollars = 1 U.S. dollar.